COMMERCIAL CABLEGRAMS.

Otago Witness, Issue 3314, 19 September 1917, Page 14

COMMERCIAL CABLEGRAMS.

LONDON, September 12. At the tallow sales to-day 555 casks were offered and 400 sold. Mutton; Fine, 70s 9d; medium, 67s 6d. Beef: Fine, 71s 6d ; medium, 675. September 15. Bank of England returns; Gold coin and bullion in Land, £51,828,000; reserve, £52,152,000; proportion of reserve to liabilities, 19.61 per cent.; notes in circulation, £40,524,000; Government deposits, £42,590,000; other deposits, £121,546,000; Government securities, £57,767,000; other securities, £92,150,000. Discount on short loans, 4i per cent. ; three months’ bills, 4f per cent. Consols, £55 ss. 'War loans: 5i per cent., £B6 ss; 4 per cent., £94 7s 6d. Following are the quotations for colonial stocks, as compared with those for the previous week: Sept. 6. Sent 13. Victorian 4’s 05} 95} Victorian 3}’s 84} 85 Victorian 3}’s * 73 69} Victorian 3’s 62} 621 New South Wales 4’s 82} 81} New South Wales 3}’s 07| s 97 New South Wales Si’s | 80} 80} New South Wales 3’s 70 70 Queensland 4’s 00} 90J Queensland 3}’s 87} 87J Quoonslaud 3’s 62 61} South Australian 3}’s 72} 72} South Australian 3’s 57} 58} New Zealand 4’s 86} 86} New Zealand 3}’s ... 73} 73} New Zealand 3’s ... 63 63 Tasmanian 3}’s 72} 72} Tasmanian 3’s 57}( 7) West Australian 3}’s 74 745West Australian 3’s 60} 69 * 1920-40 currency. t 1920-30 currency. Butter: The market is at a standstill; prices nominally unchanged. Cheese: The Board of Trade is releasing for September 75 per cent, for which the trade applied. Wheat and flour: Lifeless. Oats, peas, and beans are held for full prices. Sugar: Unchanged. Hides, leather, and basils: Nothing doing, owing to the absence of supplies. Rabbitskins: The sales are cancelled owing to the few available. September 14. Copper: Spot, £l2O 6s; tlirco months, £ll9 15s; electrolytic, £135. Load: Spot, £SO 10s; three months, £29 10s. Spelter: Spot, £54; three montlis, £SO. Tin: Spot, £244 7s 6d; three months, £243 15s. Silver, 50d per oz. September 15. Frozen meats and rabbits are unchanged. Copra unchanged. Hemp inactive and nominal. Rubber. —Para, 5s 2gd; plantation, 2s 10^d; smoked, 2s Bid. SYDNEY, September 15. The Federal Government has increased the price of butter in New South Wales to £7 18s 4d per cwt. DUNEDIN MARKETS FARM AND DAIRY PRODUCE. Mr B. J. M’Arthur (successor to Messrs MTlroy Bros ), George street, reports paying for produce during the week ending the 18th inst., as follows : Stamped fresh Eggs Honey (} lb pat), 3/6 1/2 doz Honey (bulk), s}d lb Salt Butter, 1/1 lb Honey (section), 7/- doz Sep. Butter, 1/2 lb Honey (Cartons), i lb, 6/zlb, 15/- doz Beeswax, 1/1. Compressed yeast, 7d packet. HIGH COMMISSIONER’S REPORT. WELLINGTON, September 17. The High Commissioner reports as follows (Note: The quotations, unless otherwise specified, are tile average market prices on spot) :

Meat. —Owing to continued small supplies of home-killed mutton and beef, the maximum prices have especially for home-killed mutton. For all descriptions of frozen meat the demand is in excess of the supply. New Zealand mutton, B|d; ewe mutton, Argentine mutton, ll|d; New Zealand lamb, lOd; Argentine lamb, ll£d. New Zealand beef: No supplies are available. Argentine beef. There are no quotations owing to the short supply. Small supplies were released about the beginning of this week. Hinds, 12£d ; fores, 10£d. Butter.—The market is practically cleared. The only butters obtainable are: —Paris, unsalted, 212 sto 217 s per cwt; Argentine, 2065; unsalted, 2095.

Cheese. —The market continues firm. English cheddar, 132 s per cwt. • New Zealand, Canadian, and United States are being sold at the Government price—130 s Bd.

Hemp.—The Manila market is unchanged. The output for the two weeks ended September 8 was 46,000 bales. New Zealand is irregular. Prices have declined slightly in anticipation of Government action. Wheat. —The Government offerings are very small, and buyers are holding back, awaiting Monday's lower prices. Business has been done with third grade Northern Manitoba at 80s, and No. 3 Red Winter at 77s 6d.

Oats. —Tho market is quiet, but firm American, 60s; ex ship, Chilian, 62s 6d.

THE OAMARU MARKET. (Froji Our Own Correspondent.) OAMARU, September 15. There is very little to be said in connection with the wheat market. A few small lots of wheat, farmers' remnants after sow-' ing, have been dealt in at official prices. No transaction of any kind is reported in regard to oats. A little business has been done in oatensheaf chaff, a line of prime quality having changed hands at a country station at £5 net (sacks extra). Potatoes continue to move off steadily, though not in any notable bulk. Several sales were made during the week of table Up-to-dates at from £3 10s to £3 15s net on trucks, according to sample and railago distance. SOUTHLAND MARKETS. (From Our Own Correspondent.) INVEROARGILL, September 15. Since last report there has been littlo or no alteration in the oat market. Buyers' ideas of values on trucks in the country are much on a par with last advice. A grade Gartons are bringing 3s 8d per bushel on trucks at countrv sidincrs. B grade ,3s 7d. and F.A.Q. 3s 5d at stations not too far removed from tho port. Duns are in keen demand, while other varieties are worth somewhat less than foregoing prices. A

little business is transpiring with northern merchants, but not ol much moment, and tins is probably owing to the rather better outlook in Australia.

Ibough the demand for chaff is purely local, it is in keen demand at up to £5 ss, 011 trucks, for prime quality, and barely sufficient is offering for requirements. ihe northern demand lor rye grass still holds good, and local merchants do not seem disposed to make quotations. There can be nothing of any quantity in merchants' hands over and abovo what is required _ for local sowing down, and the general impression is that prices will still turther harden. Despite the uncertainty of the position in hemp in respect to operations by the Government, millers are still prepared to do business, and sales have been made up to £SB on trucks for good fair. GRAIN AND PRODUCE SALES. Messrs Donald Reid and Co. report:—. Oats: There has been a quieter tone in the market during the past week. This is due to some extent to the probability of shipments from Australia being renewed. The demand at present is chiefly for prime Gartons, suitable for seed. In other line* there is little business passing, although quotations are nominally unchanged. Prime milling, 4s Id to 4s 2d; good to best feed', 3s lOd to 4s; inferior to medium, 3s 4d to 3s 9d per bushel (sacks extra). Wheat; Practically no milling wheat is offering locally. There is strong inquiry for seed lines, but those are scarce, and it is nob an easy matter to fulfil requirements in this respect. Fowl wheat is scarce, and commands ready sale, at for best, 6s Id to 6a 6d; medium to good, 5s 6d to 6s per bushel (sacks extra). Potatoes: Northern reports indicate a quieter demand, and except for prime freshly picked lots the same may bo said of the local market. Choice lines meet with ready sale at quotations, but medium quality and sprouted lots are difficult to quit. Seed is offering plentifully, with poor inquiry. Best table potatoes, £4 to £4 10s; medium to good, £3 10s to £3 15s: others, £2 10s to £3 5s per ton (sacks included). Chaff: The market is almost bare of prime quality, which has strong inquiry, and is readily sold on > arrival. Medium quality also meets better •domand. Best oat sheaf, £6 5s to £6 10s} to £6 15s; medium to good, £5 15a to >-5; light and discoloured, £5 to £5 10a per ton (bags extra). Messrs Dalgety and Co. report:—Oats: Only a moderate quantity offering. AH good, bright, heavy lines suitable for seed are meeting ready sale. Feed lines are also in fair demand, while damaged and inferior samples are more difficult to handle. Prime milling and seed lines, 4s Idi to 4a 2d; good to best feed, 3s lOd to 4s} medium to good, 3s 7d to 3s 9d; damaged and inferior, from 3s 3d per bushel (saoka extra). Wheat: The _ few consignments coming forward aro being disposed of -in small quantities for local feed requirements, and the prices obtainable for best whole wheat are 6s 3d to 6s 6d, medium 5s 6d to 6s per bushel (sacks extra). Potatoes: Choice freshly-picked lines of tables are the only description inquired for, and consignments of this description are saleable on arrival at quotations. Lines requiring picking, or faulty lines aro neglected ana difficult to quit. Seed lines of Gamekeepers are in over-supply and neglected. Choice freshly picked tables, £4 to £4 10s; medium to good, £3 10s to £3 15s; others from, £2 10s per ton (sacks in). Chaff: During the past week the market has been only moderately supplied. All consignments of good, bright, heavy oaten sheaf meet ready sale on arrival. In the absence of supplies medium quality and light lines in store havo been receiving more attention from buyers. Choice black oaten sheaf, £6 10s to £6 15s) best white oaten sheaf. £6 5s to £6 10s } medium to good, £5 10s to £6; damaged arid inferior, £4 10s to £5 per ton (sacks extra). WHITE AND RED CLOVER SEED. The prices of white and red clover seed, and also of all the finer grass seeds, continue to increase, and the market is very firm. Advices received by cablegram from England and America state that values are steadily advancing in both countries, and that there is a shortage of supplies. Before the war both Germany and Russia used to export fair quantities _ of both red and white clover to the dominion. OTAGO FARMERS' HORSE BAZAAR. The Otago Farmers' Co-operative Association of New'Zealand (Ltd.) report: We held our weekly sale in our bazaar, Crawford "street, on Saturday. There was, a capital attendance of the publio, farmers being well represented, and town carriers and contractors were present in full force. The entry of 45 horses comprised about 20 draught mares, fillies, and geldings. The balance of the total number was made up of several very nice spring-carters and harness horses. Consignments came from Warepa, Balclutha, Lovell's Flat, and Milton districts, also from the Deep Stream and Sutton Young and sound clifty mares and geldings suitable for plough teams were keenly competed for, although there was nothing: of special merit in any of the consignments. The useful plough horse was well represented, and realised fairly good values —say, from £lB to £23; spring-carters, three or four specially good, £1 7 to £2l. Harness horses of medium class were hard to place at low figures. Breeders who have useful young draughts to dispose of would do well to take advantage of the present improved values, aa the market may not continue in its present condition for rnore than a few weeks for spring work. Quotations: Young, sound, sharp, clifty geldings. £25 to £2B; extra heavy horses, £26 to £32 : seven-year-old and over mares and geldings, £l3 to £2O, and what is usuallv termed aged, £lO to £l2; vanners and spring-carters, £l4 to £2O; light sorts of harness horses at fluctuating prices.